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Posted: Friday, January 19, 2018 9:36 AM


Location! Location! One of the few remaining redevelopment opportunities in South Beach. This unique property is zoned mixed use retail/residential, and it is currently comprised of apartments, commercial store fronts, and 14 parking spaces. Property had a major remodel in 1945, according to the tax records. Having a coveted R-PS3 zoning and a municipal code which allows up to 5 floors, this 12,000+ sq. ft. lot can be redeveloped as up to a 40 +/- room boutique hotel, multi-family apartments and/or retail. Per the city of Miami Beach‘s building department, the maximum building size allowed Is 22,750 sf--not inclusive of required parking space, but this should be verified directly by potential buyers. NOTE: The property is not currently being utilized for its highest and best use, however all the units are well-maintained, and the rents on the apartments are on average $1250 per month. For additional information contact Mario Frech at 305-608-5190 or Christina Chong at 95-682-2635.

• Location: Miami

• Post ID: 72981702 miami is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018